Rice exports up 80.37% to 11.58 million tonne in April-December

 basmati rice exporter in india - With an experience of four decades Muskan Overseas is an established Miller and Exporter of Basmati Rice to the world over. The Company sails hight for its premium quality Rice and expertise in exports. The company is known for manufacturing, processing, supplying and exporting a diverse range of rice all over the globe. The company embarked upon its journey in 1972 when the founders of the company entered the world of rice business with a small rice mill. In early 80’s when Indian govt. opened its gates for export of rice for private players, the Gupta family was amongst the few rice exporters from India. From then till now the company has scaled greater heights in the rice industry and has now emerged as a leading exporter of rice from India.




Synopsis

The total value of the rice exports including basmati and non basmati rice increased by 44% to Rs 44,894 crore compared with Rs 31,194 crore in the corresponding period last fiscal, said Vinod Kaul, executive director, All India Rice Exporters Association.

The total value of the rice exports including basmati and non basmati rice increased by 44% to Rs 44,894 crore compared with Rs 31,194 crore in the corresponding period last fiscal, said Vinod Kaul, executive director, basmati rice exporter in india  Association.

He said that according to the Directorate General of Commercial Intelligence and Statistics, India exported 8.2 million tonnes of non-basmati rice and 3.38 million tonne basmati rice from basmati rice suppliers in india in the first nine months of this financial year, up by 129% and 29% compared with the corresponding period last fiscal.




Looking at the current basmati rice suppliers in india , rice exports can easily touch 15 million tonne with basmati rice at 5 million tonnes and non-basmati rice exports to cross 10 million tonne , said Kaul. “We expect a surge in demand in February and March which is the peak export period,” he said.


In 2019-20 India had exported 4.54 million tonne of basmati rice and 5 million tonne of non basmati rice.

The exports will be at a historical high this year and the way it looks we can achieve this figure in 2021-22 too, said BV Krishna, president of the Rice Exporters Association. “This fiscal non- basmati rice exports will easily exceed 11 million from our earlier target of 10 million tonnes. In January alone we will be able to ship close to one million tonnes and have orders of another two million tonnes to be delivered till March,” Krishna said.

Exporters said that there was congestion at the Kakinada port in Andhra Pradesh with as many as 20 ships berthed. “If the situation is resolved a higher export figure of another half million tonnes can be achieved in the next two months,” said Krishna.

Major demand for basmati rice was coming from the Middle East which accounts for up to 84% of the rice variety shipped out of India followed by the US and European Union. Africa is the largest importer of Indian non-basmati rice, accounting for about 70% of the rice variety with major demand coming from Ivory Coast, Benin, Togo, Niger and Liberia. In the past one year, Bangladesh, China , Indonesia, Vietnam and Malaysia have become an important buyer for Indian non-basmati rice.


"If you are looking for basmati rice exporter in india then do go for muskan overseas that are well known as basmati rice suppliers in india ."



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